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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (18599)	1/13/2000 2:26:00 PM
From: Proton	Read Replies (2) of 57584

Re: WCOM Congrats on catching today's WCOM action. Resistance at 48 is critical. On the sixty-minute chart, the violation of the ledge at 48 led to the down-spike. On the daily chart, one can see the importance of this level back in October. One could argue that the decline into Tuesday followed a head-and-shoulders that formed during the fourth quarter. I don't know how WCOM will resolve from 48: I prefer to let Mr. Market do the talking. I do believe this is an important price level. As I write this, WCOM is at 47 15/16, its high for the day. P.

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